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Overview of Skrill
Skrill is an e-wallet that is owned by PaySafe Limited, a reputed payments platform that has in its portfolio leading payment solutions like NETeller and PaySafeCard. PaySafe Limited is headquartered in the UK and launched Skill in 2001.
To use Skrill for deposits and withdrawals you must have an account with it. Registration is easy: visit the Skrill website and hit the Register button. Fill out the form that pops up with the required details and you are ready. The next step is to load cash into your Skrill e-wallet. You can do this through any of a number of payment options, including bank transfer, credit and debit cards, ewallets and various cryptocurrencies.
Using Skrill to Fund Your Casino Account
Skrill works for both deposits and withdrawals, like other e-wallets including NETeller and Payz. Of course, you must have a Skrill account with cash in it. If you don’t have cash in it load it using any of the payment methods supported. You can then use it to deposit funds and withdraw your winnings.
Here are the steps to deposit money into your casino account using Skrill :
- Log in to your online casino account.
- Visit the cashier section.
- Click the Deposit button.
- Choose Skrill as your preferred deposit method.
- Enter the amount you wish to deposit into your account.
- Fill out all the required details.
- Click the Pay Now button.
The funds reach your account instantly. The minimum you can deposit into your casino account using Skrill depends on the casino you are playing at.
Using Skrill to Withdraw Winnings from Your Casino Account
Skrill works when it comes to withdrawal of your casino winnings as well. Here are the steps to withdraw your winnings. Remember to complete the casino’s KYC verification process before you request for withdrawal of your winnings.
- Once you are ready to withdraw your winnings, visit the Cashier.
- Click the Withdraw option.
- Enter the amount you wish to withdraw.
- Fill out all the other required details.
- Click the Withdraw button.
The casino starts the withdrawal process now. Usually, all withdrawals come with a pending period of up to 48 hours, depending on the casino you are at. The pending process is built in to give you the opportunity to cancel your withdrawal request if necessary.
Beyond the pending period, the withdrawal approval timeline depending on the casino. It could be anywhere from a few minutes to a few days. Once the casino approves your withdrawal your winnings reach your Skrill e-wallet within 24 hours. You can then either retain it there or transfer it to your bank.
Safety and Security
Skrill is one of the safest and most secure ways to deposit and withdraw funds. PaySafe, the company behind this payment solution, operates with authorized from the premier body in the United Kingdom, the UK Financial Conduct Authority. This authorization is done under the aegis of the Electronic Money Regulations 2011. It is regulated by the Central Bank of Ireland.
At the operational level, Skrill offers 100% security with the use of industry standard banking security protocols like SSL encryption.
Fees and Limits
Paying an online casino directly from your Skrill wallet doesn’t entail any transaction fees. There are no fees applicable when you receive money into your Skrill account. Withdrawals to a MasterCard card using Skrill will have a transaction fee of up to 7.5%.
There may be a fee charged for using other local payment methods that Skrill supports, such as Rapid Transfer or PaySafeCard. The fees vary from 1% to 5%. Skrill crypto withdrawals do not have any processing fees. There may be a fee involved for withdrawing from your Skrill account to your credit/debit card or other payment methods.
Why Skrill is Popular at SA-Friendly Online Casinos?
Skrill is popular among casino fans from South Africa and across the world for a number of reasons. We list the top reasons for you below.
- Easy to use: Skrill is simple and easy to use.
- Totally secure: Payments and withdrawals with Skrill are completely secure. This is because it uses industry-level SSL encryption to protect your money.
- Complete privacy: Skrill acts as an interface between the casino and your bank; it ensures none of your banking info is made available to the casino.
- Flexible payments: Skrill allows you to make payments using your bank account or other payment solutions like credit/debit cards or even cryptocurrency.
- Multi-currency support: Skrill supports 40+ fiat currencies and also more than 40 cryptocurrencies.
- Fast transactions: Skrill guarantees fast and secure deposits and withdrawals.
FAQs
Skrill is a popular e-wallet that enables online casino players from South Africa and across the world to deposit funds and withdraw winnings securely and fast. It is owned and operated by PaySafe Limited, a top-class payment platform from the UK that has other popular products like NETeller and PaySafeCard in its portfolio.
Yes, Skrill guarantees complete security for all your deposits and withdrawals. It uses SSL encryption to keep your money safe. This payment provider operates with authorization from the UK’s Financial Conduct Authority. It is regulated by the Central Bank of Ireland.
Yes, Skrill is available as a payment option for depositing funds into your favorite South Africa-friendly online casino account and also for withdrawing your winnings from it.
To use Skrill to fund your casino account you must first register with this payment provider and then load your wallet. Once you have money in your Skrill account log in to the casino, visit the cashier and select Skrill as your deposit method of choice. Enter the deposit amount, fill out the form and submit it. Your funds reach your account instantly. To withdraw winnings from your casino account visit the cashier and click the Withdraw button. In the field provided, enter the amount you wish to withdraw and then fill out all the other details. Clicking the Withdraw button initiates the withdrawal process. Ensure that you complete the casino’s KYC verification process before you request for withdrawal of your winnings.
Funding your casino account with Skrill is free; there is no transaction fee involved. There may be fees associated with withdrawals using Deposits with Skrill are free. There are fees associated with withdrawal of winnings, though.